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Athabasca Oil Corp T.ATH

Alternate Symbol(s):  ATHOF

Athabasca Oil Corporation (AOC) is a Canadian energy company with a focused strategy on the development of thermal and light oil assets. AOC’s segments include Light Oil and Thermal Oil. The Thermal Oil segment includes the Company’s assets, liabilities and operating results for the exploration, development and production of bitumen from sand and carbonate rock formations located in the Athabasca region of Northern Alberta. It also consists of two operating oil sands steam assisted gravity drainage projects and a resource base of exploration areas in the Athabasca region of northeastern Alberta. The Light Oil segment includes its assets, liabilities and operating results for the exploration, development and production of light crude oil and medium crude oil, tight oil and conventional natural gas. Its Light Oil segment consists exclusively of the Duvernay in the Greater Kaybob area with about 155,000 gross acres across Kaybob West, Kaybob North, Kaybob East and Two Creeks.


TSX:ATH - Post by User

Comment by matt2018on Aug 28, 2024 3:01pm
132 Views
Post# 36199905

RE:RE:Fighting the Shorts

RE:RE:Fighting the ShortsGood question. There are many poorly run companies in the space to target.
This is not one of them.
The warrants have been an overhang for quite awhile now but they have been addressing that about as aggresive as you can.
The positive to this, is that any bit of good news like rumors of a buyout, increase to the production forecast for the thermal or Duvernay or an oil price shock due to some world event and there will be a mad scramble to cover.
Unfortunately oil price bears are in control right now, regardless of the draws.
Things can change quickly.
In the meantime, keep buying those shares and investing in the assets is right strategy.
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